BUSINESS
India’s health insurance sector faces Rs 10,000-crore annual leakage due to fraud and abuse
Health insurance gross written premium has reached Rs 1.27 lakh crore in 2025 and is projected to nearly double to Rs 2.6-3 lakh crore by 2030, a BCG report said
BUSINESS
Why Bima-ASBA’s adoption may be stuck in limbo
While early adopters have shown the system can work, several insurers seem to continue to grapple with legacy infrastructure, complex bank and UPI integrations and concerns over near-term cash-flow disruption.
BUSINESS
Limited uptake hobbles ambition for India's National Health Claims Exchange
People close to the matter said insurers are largely in testing mode, evaluating the cost benefits and operational readiness of the standardised claims infrastructure before committing to full-scale migration
BUSINESS
BlackSoil-Caspian merger gets NCLT nod, creates $215 million SME and impact-focused NBFC
Looking ahead, the NBFC says it is targeting 25% CAGR over the next few years
BUSINESS
Despite GST 2.0 cuts, many policyholders say they face higher insurance premiums; 43% report no benefit
While large players such as LIC have publicly stated that they can absorb the impact, the broader industry remains wary of margin pressure, evolving cost structures, and potential product-level recalibration
BUSINESS
Pollution pushes health insurance claims up 14% post-Diwali across various cities as respiratory, cardiac cases surge
This comes amid long-standing discussions within the industry about introducing city-specific health insurance premiums that factor in air pollution levels as a key risk indicator.
BUSINESS
‘Third party’ definition under motor insurance may be expanded to include owner-drivers
Sources say, this change is currently being circulated among stakeholders and if approved, is likely to be rolled out in the upcoming winter parliamentary session
BUSINESS
Bima Sugam platform takes next step as insurers begin uploading products
Although the marketplace officially went live on September 18, sources said it remains inaccessible to consumers as insurers continue testing and uploading products
BUSINESS
Mahindra’s investment in Manulife insurance JV to be funded via Mahindra Finance dividends, says Anish Shah
The life insurance venture could naturally extend into the general insurance space, which the company plans to evaluate once composite licensing is introduced, CEO Shah has said.
BUSINESS
Mahindra-Manulife to invest Rs 7,200 crore in life insurance JV, eyes Rs 30,000-crore valuation
The JV’s valuation potential is projected at Rs 18,000–30,000 crore over the next decade, with the venture expected to be accretive to Mahindra Finance’s return on assets
BUSINESS
Apollo Hospitals' insurance arm targets nationwide rollout by FY27
After launching its insurance arm in NCR and Hyderabad, Apollo eyes expansion through digital and call centre-led sales while preparing select in-store rollouts by FY27
BUSINESS
IRDAI examining feedback on proposal to appoint internal ombudsmen in insurance firms: Ajay Seth
Seth also flagged persistent gaps in health insurance claim settlements, calling for greater transparency and fairness from insurers
BUSINESS
Yes Bank emerges as the only top-10 private lender with no ‘buy’ calls
Analysts attribute Yes Bank’s weak earnings and rising retail stress as reasons for negative investor sentiment
BUSINESS
Standalone health insurance market nearly doubles even as Star Health’s dominance halves in 5 years to 32%
Star's aggressive shift towards its retail segment, according to experts, may have hurt Star Health’s ability to capture new market opportunities
BUSINESS
Shriram General Insurance eyes Rs 4,500 crore premium, expects 24% growth in FY26: CEO Anil Kumar Aggarwal
CEO Aggarwal said while the company remains confident about meeting its growth target, it continues to grapple with systemic challenges such as the lack of access to motor insurance data, which has kept penetration levels stagnant at around 50%
BUSINESS
Pine Labs IPO: Is the Indian payments promise fading?
Once the poster child of India’s digital payments boom, Pine Labs’ valuation cut maybe indicative of an inflection point for the sector from expansion to a search for steady, profitable growth
BUSINESS
Piramal Finance to redeploy capital from Shriram insurance stakes into core lending biz: CEO Jairam Sridharan
CEO Sridharan also ruled out plans to raise fresh equity or bring in new strategic or foreign investors at this point. 'We have 46 percent ownership with the family, a very long-term ownership structure. We are perfectly happy with that,' he told Moneycontrol
BUSINESS
LIC’s GST impact under 1%, ITC burden not passed onto agents: CEO Doraiswamy
The insurer expects that exemptions on life insurance products will boost business volumes, support top-line growth, and provide opportunities to optimise expenses
BUSINESS
Distributors agreed to bear ITC as GST relief boosts affordability, volumes, Niva Bupa’s MD and CEO
Niva Bupa CEO Krishnan Ramachandran said that the distributors have agreed to bear the ITC as the recent GST relief is improving affordability and driving higher policy volumes.
BUSINESS
Fusion Finance founder Devesh Sachdev steps down from board, exits all roles
Sachdev's resignation from the board, which came into effect on November 4, formally completes his exit from all executive and governance roles at the micro-finance lender
BUSINESS
Life insurers' non-par products gain traction in rebalance, but HDFC Life bucks the trend
HDFC Life's non-par share declined sharply to 18 percent in H1FY26 from 32 percent a year ago, a deviation in an otherwise uniform industry tilt toward guaranteed-return products.
BUSINESS
ACKO to ramp up EV-specific products, distribution channels as it begins Tesla linked insurance: CEO Animesh Das
CEO Animesh Das said the company plans to significantly scale up this share in the coming quarters, although refraining from providing any specific guidance
BUSINESS
Groww pulls ahead as India’s top retail broker despite F&O slowdown
A Nuvama report says the platform’s reduced dependence on derivatives trading places it in a stronger position than peers as the ongoing slowdown in F&O activity weighs on the broader market
BANKING
ICICI Bank expects retail loan growth to pick up in H2: ED Sandeep Batra
Responding to a query on the recent reports on social media platforms alleging unlawful employee exits, ED Sandeep Batra dismissed the claims as baseless
